A spate of recent lawsuits makes it clear that NAR’s legal woes are far from over. Where do they (and you) go from here?
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Each week on The Download, Inman’s Christy Murdoch takes a deep dive into the week’s most-read stories to give you what you need to face Monday head-on. This week: A flurry of new lawsuits reveals that NAR’s legal troubles are far from over. Where do they go from here? And what should they do to protect themselves?
Despite various stalemates and pearl-clutching over the National Association of Realtors’ board lawsuit settlement, the settlement will go into effect in most markets on August 17 and is expected to be finalized in November of this year. But that’s just the tip of the legal iceberg for real estate agents. Japan’s largest industry group.
The organization recently announced it would take steps to pivot its legal strategy following the departure of its chief legal officer. katie johnson. Is it too late, since NAR has support from all sides: consumers, the U.S. government, brokers, and agents?
Brokers in Pennsylvania last week Maurice Muhammad He sued NAR, the Pennsylvania Association of Realtors, and the Greater Lehigh Valley MLS for $5.6 million. Is it a problem? You must be a real estate agent to access the MLS.
Mr. Muhammad’s lawsuit follows a suit filed in August by two Michigan brokers and their agents, naming NAR and its state and local associations, as well as Realcomp II and its MLS.
These lawsuits are being filed alongside legal challenges from consumers and the Department of Justice, as well as legal questions surrounding clear cooperation policies among trade associations and industry challenges from emerging groups such as the National Association of Realtors. At the same time, challenges to the supremacy of
Extra: NAR rival seeks representation for potential class action lawsuit over Clear
As NAR continues to find ways to turn A into C, CYA must also be done. That means, as agents, we need to look after ourselves and ask smart questions of our leaders. As a broker or team leader, you need to be aware of what your agents are doing and saying.
This week, Inman contributors provided insights on both perspectives to help you feel confident when talking to buyers, sellers, and colleagues.
Brokers, you are responsible for the actions of your agents.
As NAR settlements require more layers of oversight, consider these tasks, policy ideas, and suggestions as you update your systems, Compliance Professionals Summer Goralik is written.
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